Press coverage about VeriFone Systems (NYSE:PAY) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VeriFone Systems earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.2401223356313 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have weighed in on PAY shares. BTIG Research reiterated a “hold” rating on shares of VeriFone Systems in a research note on Sunday, March 11th. Zacks Investment Research upgraded VeriFone Systems from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research note on Wednesday, March 14th. ValuEngine lowered VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $23.04 price objective on shares of VeriFone Systems in a research note on Tuesday, April 10th. Finally, SunTrust Banks lowered VeriFone Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company. VeriFone Systems currently has an average rating of “Hold” and an average price target of $20.92.
NYSE:PAY opened at $22.80 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.35. VeriFone Systems has a 52 week low of $14.90 and a 52 week high of $23.14. The stock has a market cap of $2.53 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 1.25 and a beta of 1.66.
VeriFone Systems (NYSE:PAY) last posted its quarterly earnings data on Thursday, March 8th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). VeriFone Systems had a positive return on equity of 14.11% and a negative net margin of 8.09%. The firm had revenue of $425.00 million during the quarter, compared to analyst estimates of $419.43 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. analysts expect that VeriFone Systems will post 1.22 EPS for the current fiscal year.
About VeriFone Systems
VeriFone Systems, Inc provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.
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